Mumbai-based realty major Macrotech Developers or erstwhile Lodha Developers is looking to raise up to Rs 2,500 crore by diluting 10 pc stake in the company through an initial public offer (IPO) in the next few months.

For the proposed share sale, India’s largest real estate developer by residential sales has filed its draft red herring prospectus (DRHP) with the capital market regulator late Tuesday.

This is the third time the developer is proposing to take the company public with a share sale after attempting the same in 2009 and 2018 and later postponing the issue in the backdrop of unfavorable market conditions.

According to Prime Database, 27 firms have an approval for IPOs from the markets regulator, while nine have filed the draft prospectus and are awaiting approval.

Here is a look at some of the upcoming IPOs for the year 2021:

LIC IPO: In the Budget 2021, the FM said LIC IPO shall hit in the near term. And now as the process is being eased, road is clear for this IPO which can be the biggest in the history.

Seven Islands Shipping: The company has filed papers to raise Rs. 600 crore.

Nykaa: The beauty start-up is also in news to go for share sale.

Bajaj Energy: Private company into the area of electricity generation shall come up with an issue to raise Rs. 5450 crore.

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